Salt Lake City kicked off 2026 with uneven strength across its multifamily market, as rents remained in negative territory due to strong supply, according to the latest Yardi Matrix Salt Lake City multifamily market report. The average advertised asking rent was down 0.4%, on a trailing three-month basis through February, to $1,525, while the national figure slid 0.1%, as noted in the most recent U.S. multifamily market report<\/strong><\/a>. The metro\u2019s average occupancy rate in stabilized assets stood at 94.7% as of February, up 10 basis points year-over-year.<\/p>\n